The global refrigerant compressors market to grow at a CAGR of 4.92% during the period 2017-2021.

The report, Global Refrigerant Compressors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is outsourcing of pharmaceutical manufacturing by developed countries. The developed countries are increasingly outsourcing pharmaceutical manufacturing to developing countries such as China and India. The main reasons for this trend are the high cost of raw ingredients, increasing costs, and intense competition among market players. In addition, the need to reduce the time-to-market, encourage drug discovery, and increase profit margins has further forced companies to outsource pharmaceutical manufacturing activities.

According to the report, one driver in market is growth of commercial refrigeration market. The commercial refrigeration market is one of the major demand-generating segments for compressors. Hermetic compressors and semi-hermetic reciprocating compressors are extensively used in the commercial refrigeration market; hence, the growth of the commercial refrigeration market provides a rationale for the demand for compressors. Commercial refrigerators are mainly used by retail outlets for displaying and storing fresh and frozen food items and beverages. The global commercial refrigeration market offers a variety of products, and walk-in coolers are expected to drive the market during the forecast period.